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Strategies & Market Trends : Asia Forum

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To: Mohan Marette who wrote (1538)1/25/1998 7:12:00 PM
From: Jyoti sharma  Read Replies (1) of 9980
 
Mohan,

They are all large very good companies and over valued( e.g. Pfizer has a P/E 46 and growth rate of 15%). Asia is a small part of their total sales. IMO recovery in Asia is not going make a large impact on the bottom line.

Total's fortune is more linked with oil and gas prices than anything else.

Siemens has a cash hord of over 10 billion dollars and earns more money from investments than its operations.

Ericsson and Nokia are enjoying the mobile boom and crisis in Asia will impact their growth.

For my money, I will love to buy Total, J&J, Pfizer, Nestle and Siemens at reasonable prices.

Best wishes.

Jyoti
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